Sponsored
    Follow Us:

Case Law Details

Case Name : ACIT Vs Amartara Pvt. Ltd. (ITAT Mumbai)
Related Assessment Year : 2014-15 & 2010-11
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

ACIT Vs Amartara Pvt. Ltd. (ITAT Mumbai)

Deeming section 50C cannot override another deeming section 45(3) which is specifically created by Income Tax Act, 1961

The issue under consideration is whether A.O. is correct by adding long term capital gains by applying section 50C in case where land is transferred by the partner in his firm as capital contribution?

The Hon’ble Tribunal has held that the deeming section provided in Section 50C cannot be extended to another deeming section create

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031